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Eastern Company EML

Industrials
The Eastern Company manages industrial businesses that design, manufacture and sell engineered solutions to industrial markets. The Company has one reportable segment: Engineered Solutions. The Engineered Solutions segment provides engineered solutions to support its customers needs in the commercial transportation and logistics markets. It designs, manufactures, and markets a diverse product line of custom and standard vehicular and industrial hardware, including turnkey returnable packaging solutions, access and security hardware, mirrors, and mirror-cameras. It offers a standard product line of rotary latches, compression latches, draw latches, hinges, camlocks, key switches, padlocks, and handles, among other products. Its subsidiary, Velvac Holdings Inc. is a designer and manufacturer of proprietary vision technology for original equipment manufacturers (OEMs) and aftermarket applications, and a provider of aftermarket components to the heavy-duty truck market in North America.


NDAQ:EML - Post by User

Eastern Company > Another 22MM $0.22 warrants expire in Mar-May
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Comment by CalifDreamingon Feb 18, 2008 10:08am
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Post# 14387900

RE: Another 22MM $0.22 warrants expire in Mar-May

RE: Another 22MM $0.22 warrants expire in Mar-MayWhy would insiders release "great news" with the hugely dilutive warrants sitting out there? The only reason I could think of is if insiders own lots of those warrants. Management should go into hibernation for ~2 1/2 months and come out firing with "great news" on May 2, the day after the last of the 22MM $0.22 cheapo warrants expire.
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